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Today marks 145 years since the approval of the first Bulgarian budget

On March 1, 1879, the Russian Prince Alexander Dondukov-Korsakov approved the first budget of Bulgaria which was liberated in 1878 . Prince Dondoukov-Korsakov approved the '' Account of Expenditures for Production Purposes from Bulgarian Revenues over..

01.03.24 07:05 |

Prime Minister Denkov: 600 million euros allocated for municipal projects

Do not believe words without evidence, no matter who says them. Watch and evaluate the actions. Only they matter, Prime Minister Nikolai Denkov said at the opening of the first government meeting for the year.  "The Ministry of Finance presented..

03.01.24 12:02 |

Bulgaria enters the new year with regular budget

The State Budget Act for 2024 has been promulgated in the State Gazette. For the first time in several consecutive years, the country enters the new year with a regularly voted budget. The expected deficit is 3%. The expected annual inflation is 4.8..

30.12.23 11:14 |
Finance Minister Assen Vassilev

Finance Minister Assen Vassilev expects the deficit to be lower than planned

Preliminary data on the implementation of the budget show that the deficit will be lower than planned, Bulgaria’s Minister of Finance Ass en Vassilev said in parliament. "I expect the deficit to be 2.5%, not 3%. This will leave EUR 500..

29.12.23 09:23 |
Yordan Tsonev (L) and Assen Vassilev

Finance Minister Vassilev: The state budget for 2024 will be approved before Christmas

Discussion of the state budget for 2024 will begin next week in plenary, and tomorrow – of the proposals for amendments to the tax laws. This was agreed by Finance Minister Assen Vassilev and the chair of the National Assembly’s Budget and Finance..

06.12.23 16:00 |
GERB leader Boyko Borissov

Sharp criticism of alleged plans for the sale of state-owned land

GERB leader Boyko Borissov took a stand against the possible sale of farmland from the State Land Fund. He stated that no discussions have so far been conducted by We Continue the Change/Democratic Bulgaria (PP/DB) with GERB on the matter...

29.11.23 16:46 |

Budget committee adopts the state budget at first reading

The Parliamentary Committee on Budget and Finance has approved at first reading the Law on the State Budget Act for 2024. The project was supported by PP-DB, GERB-SDS and DPS. GERB-SDS, however, defined it as a "compromise" and criticized the set..

28.11.23 17:20 |

National Assembly debates amendments to tax laws

The Bulgarian MPs have opened debates on a package of tax laws – on excise duty and tax warehouses, the Tax and Social Security Procedure Code, VAT, corporate income tax, personal income, local taxes and charges. The amendments have to be..

23.11.23 17:48 |
Minister Vassilev

Assen Vassilev: No low wage ghettos in Bulgaria

BGN 933 (EUR 477.04) is the minimum wage in Bulgaria, said Minister of Finance Assen Vassilev at the meeting of the National Council for Tripartite Cooperation. According to him, Bulgaria is at the bottom of the Balkans in terms of the minimum wage ,..

21.11.23 17:18 |
L-R: Assen Vassilev (PP/DB), Temenuzhka Petkova (GERB), Jordan Tzonev (MRF), Desislava Atanasova (GERB) giving a briefing, 17, November, 2023

GERB, MRF and PP/DB reach agreement on national budget and on Russian oil

The parliamentary groups of We Continue the Change/Democratic Bulgaria (PP/DB), GERB/SDS and the Movement for Rights and Freedoms (MRF) reached agreement on the parametres of the national budget for 2024, at a meeting attended by Finance Minister..

17.11.23 16:27 |
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